Buttonwood Financial Advisors Inc. Has $5.30 Million Stake in Arrow Electronics, Inc. (NYSE:ARW)

Buttonwood Financial Advisors Inc. increased its stake in shares of Arrow Electronics, Inc. (NYSE:ARW) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,860 shares of the technology company’s stock after buying an additional 2,703 shares during the quarter. Arrow Electronics comprises approximately 2.3% of Buttonwood Financial Advisors Inc.’s investment portfolio, making the stock its 11th biggest position. Buttonwood Financial Advisors Inc. owned about 0.09% of Arrow Electronics worth $5,301,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ARW. Summit Trail Advisors LLC lifted its holdings in shares of Arrow Electronics by 2.8% in the third quarter. Summit Trail Advisors LLC now owns 3,925 shares of the technology company’s stock worth $521,000 after acquiring an additional 108 shares during the last quarter. Creative Planning grew its stake in shares of Arrow Electronics by 1.1% during the third quarter. Creative Planning now owns 11,189 shares of the technology company’s stock worth $1,486,000 after buying an additional 123 shares during the last quarter. Covestor Ltd increased its holdings in shares of Arrow Electronics by 14.0% during the third quarter. Covestor Ltd now owns 1,064 shares of the technology company’s stock worth $141,000 after buying an additional 131 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Arrow Electronics by 24.6% in the 3rd quarter. GAMMA Investing LLC now owns 695 shares of the technology company’s stock valued at $92,000 after acquiring an additional 137 shares during the last quarter. Finally, Foundations Investment Advisors LLC increased its holdings in Arrow Electronics by 9.2% in the 3rd quarter. Foundations Investment Advisors LLC now owns 1,810 shares of the technology company’s stock worth $240,000 after purchasing an additional 153 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Arrow Electronics Stock Down 0.1 %

Shares of NYSE:ARW opened at $119.20 on Monday. The business’s 50 day moving average is $116.79 and its 200 day moving average is $124.04. Arrow Electronics, Inc. has a 12-month low of $108.51 and a 12-month high of $137.80. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 13.30 and a beta of 1.26. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 0.39.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.15. Arrow Electronics had a net margin of 1.71% and a return on equity of 10.71%. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same period in the previous year, the firm earned $4.14 EPS. The business’s revenue for the quarter was down 14.8% compared to the same quarter last year. On average, sell-side analysts forecast that Arrow Electronics, Inc. will post 10.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Raymond James lowered their price objective on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company decreased their price target on shares of Arrow Electronics from $105.00 to $100.00 and set an “underweight” rating for the company in a research report on Monday, January 13th. Finally, Truist Financial cut their price target on shares of Arrow Electronics from $141.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, November 1st.

About Arrow Electronics

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.